The workshop of the planned IPO company New Way Technology caught fire, causing fluctuation in the stock prices of A-share counterparts.

At 15:17 on November 19th, a workshop of Anhui Xinyuan Technology Co., Ltd. caught fire. Huizhou District immediately initiated emergency response and the fire is currently under control. The specific cause is still under further investigation. Xinyuan Technology has previously disclosed that it is one of the largest epoxy reactive diluent producers in the world with the most extensive product variety, capable of producing 50,000 tons of epoxy reactive diluent annually. In the early trading on November 20th, the stock prices of the relevant business companies mentioned above showed a trend of opening high and then falling. Acoly's stock price dropped 2.86% by midday after hitting the bid limit. Hongchang Electronics also briefly hit the bid limit in the early trading, but the increase later fell to 4.61%. Puyang Huicheng reported an increase of 8.33%. An official from Hongchang Electronics Securities Department told Caiwen in the morning that they have noticed the situation related to Xinyuan Technology; although their products have some overlap, there are differences in specific application areas. "We will continue to monitor the prices and situations of related products. The incident just happened, and there is no updated information yet." Recently, Xinyuan Technology has restarted the IPO process. According to the Anhui Securities Regulatory Bureau on November 7th, Xinyuan Technology signed a guidance agreement with GF Securities on October 29th, appointing GF Securities as the guiding institution for its initial public offering and listing. Regarding the impact of this incident, as of the time of writing, there has been no further detailed information or disclosed scope of the impact of the fire in the workshop.